Charles Schwab Investment Management Inc. Has $3.72 Million Position in Playtika Holding Corp. $PLTK

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Playtika Holding Corp. by 143.4%, acquiring an additional 423,738 shares, bringing its total to 719,263 shares worth approximately $3.72 million.
• Playtika recently reported disappointing earnings, with a loss of $0.13 per share compared to estimates, and quarterly revenue of $696 million, below expectations of $706 million.
• The company announced a quarterly dividend of $0.10 per share, which will yield 10.8%, reflecting a payout ratio of 166.67%.

Charles Schwab Investment Management Inc. raised its position in shares of Playtika Holding Corp. (NASDAQ:PLTK - Free Report) by 143.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 719,263 shares of the company's stock after acquiring an additional 423,738 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.19% of Playtika worth $3,719,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in PLTK. Allworth Financial LP grew its holdings in Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock valued at $26,000 after buying an additional 2,695 shares during the last quarter. US Bancorp DE boosted its position in shares of Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock valued at $35,000 after acquiring an additional 4,946 shares during the period. Crestline Management LP acquired a new stake in shares of Playtika in the fourth quarter worth $71,000. R Squared Ltd increased its position in Playtika by 84.2% during the first quarter. R Squared Ltd now owns 15,090 shares of the company's stock worth $78,000 after acquiring an additional 6,900 shares during the period. Finally, Monument Capital Management raised its stake in Playtika by 48.1% during the 1st quarter. Monument Capital Management now owns 20,021 shares of the company's stock valued at $104,000 after purchasing an additional 6,498 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Playtika Trading Down 1.5%

PLTK stock traded down $0.06 during trading on Wednesday, hitting $3.62. 1,253,012 shares of the stock traded hands, compared to its average volume of 1,726,713. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.25 and a beta of 0.84. The company has a 50 day simple moving average of $4.32 and a 200 day simple moving average of $4.82. Playtika Holding Corp. has a one year low of $3.52 and a one year high of $8.80.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The business had revenue of $696.00 million for the quarter, compared to analyst estimates of $706.03 million. During the same period in the prior year, the business earned $0.23 earnings per share. The company's revenue for the quarter was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. As a group, analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Friday, September 26th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.1%. Playtika's dividend payout ratio (DPR) is currently 166.67%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Wedbush reduced their target price on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $7.04.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.